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Uzawa(1961)’s Steady-State Theorem in Malthusian Model

Author

Listed:
  • Li, Defu
  • Huang, Jiuli

Abstract

This paper proves that there is a similar Uzawa (1961) steady-state growth theorem in a Malthusian model: If that model possesses steady-state growth, then technical change must be purely land-augmenting and cannot include labor augmentation.

Suggested Citation

  • Li, Defu & Huang, Jiuli, 2014. "Uzawa(1961)’s Steady-State Theorem in Malthusian Model," MPRA Paper 55329, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:55329
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    File URL: https://mpra.ub.uni-muenchen.de/55329/1/MPRA_paper_55329.pdf
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    References listed on IDEAS

    as
    1. H. Uzawa, 1961. "Neutral Inventions and the Stability of Growth Equilibrium," Review of Economic Studies, Oxford University Press, vol. 28(2), pages 117-124.
    2. Daron Acemoglu, 2003. "Labor- And Capital-Augmenting Technical Change," Journal of the European Economic Association, MIT Press, vol. 1(1), pages 1-37, March.
    3. Andreas Irmen, 2004. "Malthus and Solow - a note on closed-form solutions," Economics Bulletin, AccessEcon, vol. 10(6), pages 1-6.
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    Cited by:

    1. LI, Defu & Bental, Benjamin, 2015. "Growth with Endogenous Direction of Technical Change," MPRA Paper 64124, University Library of Munich, Germany.

    More about this item

    Keywords

    Malthusian Model; Neoclassical Growth Model; Uzawa’s Steady-State Theorem;

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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